Energy transition to vary in different regions, countries – TotalEnergies
The energy transition – from high carbon-emitting energy sources to low and zero carbon-emitting energy sources – will vary across different regions and countries, pointed out TotalEnergies VP supply logistics Africa Sebastien Bariller.
He was participating in a panel discussion at the 2024 African Refiners and Distributors Association conference, in Cape Town. The speed of the transition will also vary from region to region.
There were three challenges involved in the energy transition, he cited. These were ensuring that the world’s growing population had access to affordable energy; ensuring energy security; and ensuring safe and cleaner energy.
Africa, for example, while needing cleaner energy, also needs to increase access to energy. This is needed to alleviate poverty and expand access to education.
Regarding the energy transition in Africa, there were a number of opportunities. These included the increasing public awareness of the issue. There was also what he called ‘green competition’ among countries and industries; the need for electrification; and the recent acceleration in improvements in energy intensity. Further, the already existing clean energy technologies were already having a significant impact.
There are also, however, a number of obstacles. Among others, there are too few public policies focused on energy demand and on changing public behaviour. Further, the distribution of the transition costs is not fair enough. And, of course, there is the need for funding.
He assured that TotalEnergies was beginning to decarbonise its energy mix. It was moving away from high-carbon emissions heavy fuel oil to much lower carbon emissions liquefied natural gas and liquefied petroleum gas. “We can now start the transition with this kind of product,” affirmed Bariller. (The company exited coal some years ago.)
The group was also, he reported, developing biofuels.
TotalEnergies is celebrating its hundredth anniversary this year. According to its website, the group is aiming, by 2030, to reduce the proportion of high- carbon oil in its total sales to 30% (the proportion had been 65% in 2015) and increase the proportion of lower-carbon natural gas to 50%. Also by 2030, electricity is planned to form 15%, and biomass and hydrogen 5%, of sales.
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